Business For Sale

Locksmith. Lock shop

Torrance, CA
Los Angeles County

South Bay


Asking Price: Annual Revenue:
$225,000 $420,000

Services: Non-classifiable


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RE: Locksmith. Lock shop Broker: steve holzberg

Quick Facts

Asking Price: $225,000
Annual Revenue: $420,000
Net Profit: $126,000
Cash Flow: $126,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1972
Employees: 1
BBN Listing #: 322130609
Broker Reference #: Not Disclosed

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Business Overview:

A full service, residential, commercial and automotive locksmith, lock shop. An upscale business in an upscale area of the South Bay. Licensed, bonded and insured. High security residential and auto key machines, laser cut machine, key code machine and transponder are all here in place for you. Offering key less entry, card access control, electronic locks, biometric locks, marine locks, safe sales and installations, lock outs, keys, +++. Are you a locksmith?
Located in Torrance/Palos Verdes area. Homes in the area sell for $2-$4 million. Located in a nice shopping center with plenty of free parking. Business family operated for 40 years. Open 6 1/2 days, 8:30 AM-5:30 PM and 24/7 for mobile services.
A full size customized van is included in your purchase. Van features custom cabinets & lights, invertor, 4 key machines, high security, Mul-T-L-Lock and 2 HPC machines.
The business is well respected in the community with many loyal and satisfied customers. 2 strong web sites included. Both sites put you on 1st page of Google Search.
If you are a locksmith, you need to look at this one. Call Steve for a private showing and to meet the locksmith/owner..

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Property Features and Assets:

A fully equipped lock shop and a fully equipped van included in your purchase. Lease of 1 year an a 5 year option. Low rent for prime Torrance of $1,625/month.

Market Competition and Expansion:

Limited competition in the area for locksmith services. Seller not doing any business promotion or advertising. If you do, watch your sales climb. Shop had done over $650,000 before.

Reason for Selling:

retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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